HIGHBuilt-inProduct / Revenue mix
52.4%
surface and paint protection film
“10-K Item 1: 'Surface and paint protection film sales represented approximately 52.4% of our consolidated revenue for the year ended December 31, 2025.'”
XPEL · Concentration risk · 10-K extracted
XPEL (XPEL) concentration risks
Updated
The most significant concentration XPEL discloses is surface and paint protection film at 52.4%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: XPEL’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inProduct / Revenue mix
16.6%
automotive window film
“10-K Item 1: 'Automotive window film sales represented approximately 16.6% of our consolidated revenue for the year ended December 31, 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06XPEL's revenue is heavily anchored in two related product lines, both structural to the company's core business. Surface and paint protection film sales represented approximately 52.4% of consolidated revenue in 2025, a high-share exposure, while automotive window film added a further 16.6%, a low-share contribution. Together the two product categories account for roughly two-thirds of consolidated revenue, though only the protection film line rises to a high share on its own. Because both exposures are structural — reflecting XPEL's core product mix rather than a dependency on any single customer, supplier, or geography — the more relevant question for investors is less about counterparty risk and more about demand durability for surface and paint protection film specifically, since a slowdown there would disproportionately affect the top line given its 52.4% share. The automotive window film line, at 16.6%, is a secondary but still non-trivial product concentration. No customer, supplier, or geographic concentration is disclosed here, which suggests XPEL's key exposure is product-mix risk rather than the counterparty-dependency risk more common among peers in this dataset.
For the engine’s reasoning on XPEL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Auto Parts
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALSN | Allison Transmission Holdings, | 3 | 0 | 1 | 4 |
| APTV | Aptiv PLC | 1 | 2 | 1 | 4 |
| ALV | Autoliv, Inc. | 1 | 2 | 0 | 3 |
| XPEL● | XPEL, Inc. | 1 | 0 | 1 | 2 |
| ADNT | Adient plc | 0 | 1 | 0 | 1 |
| AAP | Advance Auto Parts Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.